Today Gap Inc. announced plans to shutter 175 stores across North America. In addition to the closings, the company will cut 250 jobs at its headquarters in San Francisco.
While Gap will still operate 800 stores across the country—including 300 outlet stores—today’s announcements mark a harbinger of change for the clothing chain. Earlier this year Rebekka Bay, creative director and executive vice president for Gap Global Design, left the company. Her title was eliminated and the company hired C. Wonder alumna Wendi Goldman as its executive vice president of product design and development in late February.
“These decisions are very difficult, knowing they will affect a number of our valued employees, but we are confident they are necessary to help create a winning future for our employees, our customers, and our shareholders,” said Gap global president Jeff Kirwan.